“The issue with China isn’t only the rise in wages, which remain 8 to 10 times lower than in France, it’s the lack of skilled labour and production delays,” Meccano chief executive officer Michael Ingberg said at the conference.
Other Costs
As transport costs rose, French ski maker Skis Rossignol created 25 jobs at home by repatriating some output from Asia in 2011 and 2013 to be closer to its clients. Labour accounts for about 10 per cent of total ski costs, according to Rossignol.